profession is the attestation to the fairness of the financial statements of clients. The special function ensures the reliability and integrity of the financial reporting system. Judge Burger described the special function as "certifying the public reports that collectively depict a corporation’s financial status‚" which involves "a public responsibility transcending any employment relationship with the client." The auditing profession exists to serve the users of an organization’s financial
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Apollo One is the name given to the AS-204 spacecraft after it was destroyed by fire during a training exercise. January 27‚ 1967 the crew of Apollo commonly known as Saturn 204 began training for the first Apollo mission. On this mission they were going to orbit Earth‚ they were scheduled to launch February 21. The AS-204 mission was scheduled for the first quarter of 1967‚ having already missed a target date for the last quarter of 1966. The shuttle was placed on launch pad 34 at the Kennedy
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Movie Review: Apollo 13 The title of this movie is Apollo 13. This movie is a recreation of the horrific events that unfolded in space after a normal maintenance procedure‚ and the heroic and desperate efforts many people made to ensure that the astronauts made it home safely. At the beginning of the movie‚ Jim Lovell is notified that he and his team would be bumped up to the Apollo 13 mission‚ because Alan Shepard’s ear was infected. Lovell and his team were scheduled to be the commander
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CONTROLS IN AN EDP ENVIRONMENT The second standard of field work requires that we obtain a sufficient understanding of the client’s internal controls (I/C) to plan the audit and assess control risk. We hope that our assessment of control risk shows it to be low so that we can reduce substantive testing‚ thereby reducing audit costs. When EDP is used in significant accounting applications‚ then you must consider the effects the computer has when evaluating the internal controls. The auditor’s
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they will be flying on Apollo 13 instead of Apollo 14. * Rising actions: 1. Lovell is informed that he and his crew will fly the Apollo 13 mission instead of Apollo 14. 2. Jim Lovell‚ Fred Haise and Ken Mattingly begin training for their new mission. 3. Ken Mattingly‚ who was exposed to measles‚ is replaced by backup Command Module Pilot Jack Swigert. 4. On April 11‚ 1970‚ Lovell‚ Haise and Swigert are suited up‚ secured inside the spacecraft.
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AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning‚ the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher‚ Yogi Berra puts it‚ “If you don’t plan on where you are going‚ you could end up someplace different!” All too often the auditor does not give adequate attention to audit planning for a vast
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Apollo God of the sun‚ Hermes God of messaging‚ which is just what movie franchises have blown out of proportion and lead us to believe‚ a fallacy of what their true character is. Before the Greek era Apollo was know as Lycian meaning “wolflike” this could have meant that he was the protector of shepherds from wolves or had some divine connection with wolves. And also seen with a bow he would also be referenced as the archer god yet he had no connection to hunters‚ but was know for plagues. His
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Audit Evidence This chapter deals with the types of evidence decisions auditors make‚ the evidence available to auditors‚ and the use of that evidence in performing audits. NATURE OF EVIDENCE • Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with the established criteria. • Evidence includes information that is highly persuasive‚ such as the auditor ’s count of marketable securities‚ and less persuasive information
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letter is to confirm our understanding of the terms of our engagement as the auditors of Oceanview Marine Company for the year ended December 31‚ 2014. We will audit the company’s balance sheet for December 31‚ 2014‚ and the related statements of income‚ retained earnings‚ and cash flows for the year then ended. The purpose of our audit is to form an opinion as to whether these statements are fairly presented in accordance with accounting principles generally accepted in the United States of America
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Audit Office Size‚ Audit Quality and Audit Pricing By Jong-Hag Choi‚ Chansog (Francis) Kim‚ Jeong-Bon Kim‚ and Yoonseok Zang Forthcoming at Auditing: A Journal of Practice and Theory ________________ *Jong-Hag Choi is an Associate Professor at Seoul National University (acchoi@snu.ac.kr). Chansog Kim is an Associate Professor at City University of Hong Kong (acckim@cityu.edu.hk). Jeong-Bon Kim is a Chair Professor at City University of Hong Kong (achead@cityu.edu.hk). Yoonseok Zang is an
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